Author: NBTC

With the majority of assets in the cryptocurrency sector slowing down their gains, including the market’s representative, Bitcoin (BTC), the situation may soon change, particularly as Bitcoin miner revenue recovers, according to the observations of a renowned crypto trading expert. Specifically, the historical trends show that Bitcoin miner revenue tends to recover in two to five months after the halving, and after that, the price of Bitcoin “goes vertical” as the crypto analyst and creator of the stock-to-flow (S2F) model in predicting Bitcoin’s price, PlanB pointed out in an X post on May 14. Indeed, monthly Bitcoin miner revenue has…

In the last 24 hours, Notcoin (NOT) has defied the broader market correction, surging over 22% to $0.02561. Despite encountering resistance at $0.02643, the cryptocurrency has maintained its upward trajectory. As of press time, NOT was exchanging hands at $0.02561, a 22.93% surge from the intra-day low. However, despite some volatility and resistance, the NOT price maintained a generally upward trajectory. Accompanying this rally, the NOT trading volume substantially decreased by 55.37% to $2,068,903,697 from the previous period. This trend suggests a reduction in trading activity, with traders taking profit from the recent surge. NOT/USD 24-hour price chart (source: CoinMarketCap)…

Circle is claiming bragging rights as the first global stablecoin issuer to comply with MiCA. Before the rules took effect on June 30, some exchanges delisted euro-denominated stablecoins, such as Tether’s EURT. Stablecoin issuer Circle has secured an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto-Assets (MiCA) regulatory framework. Circle, whose USDC is the largest dollar stablecoin after rival Tether’s market-leading USDT, is claiming bragging rights as the first global stablecoin issuer to comply with MiCA. Before rules took effect on June 30, some…

A decentralized identity management protocol, idOS, has been unveiled on the “Build on XRPL” show, promising to simplify user onboarding and enhance security in the growing world of decentralized finance. In the 10th episode of the “Build on XRPL” show, Julian, CEO and Co-founder of Fractal ID, unveiled the decentralized storage and access management protocol that simplifies user onboarding by reusing existing identification data, eliminating repetitive verification steps. Julian explained that the core mission of idOS is to enable a seamless identity verification process not requiring users to continually confirm their identity. “We are exploring ways to signal on-chain that…

In a development that has captured the attention of the cryptocurrency community, Whale Alert, a platform tracking large cryptocurrency transactions, has reported the transfer of 7,999 Bitcoin (BTC) from the prominent U.S. exchange Coinbase to an undisclosed address. At the current market rate of approximately $62,200 per BTC, this transaction amounts to nearly half a billion dollars. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,999 #BTC (494,138,045 USD) transferred from #Coinbase to unknown new wallethttps://t.co/VVnMEFFAHy — Whale Alert (@whale_alert) May 15, 2024 A closer examination of blockchain data reveals a notable pattern in the movement of these…

Master Protocol, a leading platform in Bitcoin-based decentralized finance (BTC-Fi), has announced an exciting new partnership with bitSmiley. This collaboration is part of the Master BTC Summer Initiative. In addition to this, this partnership aims to bring innovative financial services to the Bitcoin blockchain. bitSmiley Introduces New DeFi Functionality to Bitcoin Blockchain bitSmiley under Fintegra is a highly developed program that introduces a new functionality into the Bitcoin blockchain for DeFi. It consists of three main components: a decentralized overcollateralized stablecoin generation platform, a decentralized core trustless lending system and a derivative trading system. Combined, these parts build a voluminous…

May has been a significant month for VeChain, as the platform has accomplished significant milestones, garnered a significant amount of attention from supporters, and made positive strides in various industries. Among these progressions, integrating Near Field Communication (NFC) technology into VeChain has significantly enhanced users’ satisfaction and versatility in various applications. At UFC 302, VeChain integrated NFC chips into the fighter gloves, demonstrating one of the most significant applications of this splendid innovative advancement. This cutting-edge addition will also be present at UFC 303, which is expected to feature a highly anticipated about between Conor McGregor and Michael Chandler. Fan…

Here today, gone tomorrow. The phrase rings true for many meme coins that have cropped up so far this year, as assets that trade on little more than vibes. Increasingly promoted on social media by recognizable names, a few inspired by the celebrity-saturated trend have succumbed to headwinds too, as promoters eventually swap crypto hype for regular programming on social media. Former U.S. Representative George Santos, who was expelled from Congress last year, stands as a politically connected example. As crypto regulation became a growing rallying cry for conservatives weeks ago—thanks to former President Donald Trump—the notorious New Yorker expressed…

The cost of producing a Bitcoin is taking a toll on Bitcoin miners whose machines are struggling to yield profits due to the flagship digital asset’s price difficulties. According to data platform MacroMicro, the average cost of mining a single BTC at the start of June soared to $83,668 but slightly declined to around $72,000 as of July 2. Bitcoin Mining Machines Becoming Unprofitable James Butterfill, CoinShares’ head of digital research, shared data showing that Bitcoin price was hovering around the average production cost during the April halving event. Per the data, half of the 14 identified miners, including Bit…

The University of Buenos Aires’ Innovation and Artificial Intelligence Lab (UBA IALAB) and Web3 data platform Archisinal have established a partnership. The organizations are working together to create a Polkadot-based initiative that will modernize the UBA law facilities. In order to adapt blockchain technology to design and urbanism, Archisinal will collaborate with UBA’s Web3, Blockchain & IA Lab. The faculty’s Hearing Room will be transformed into a smart classroom via a contest open to students, architects, and academic community members who would want to be involved in the project. Archisinal will manage the competition and make use of Polkadot’s blockchain…